Operational Programme I – Cohesion Policy Investing in Competitiveness for a Better Quality of Life Project part-financed by the European Union European Regional Development Fund (ERDF) Co-financing rate: 85% EU Funds; 15% National Funds Investing in your future Grant Scheme for PV systems 2015 Call Issues for retailers 8 June

Major changes from 2013 scheme Application stage:  De-minimis declaration  Inverter matched to panels (ratio >0.8 and <1.2)  Quotation format changed Installation stage:  MEPA check for conformity with guidelines  No need to submit copy of 5-year scheme guarantee form to MRA; Client must have original 5-year guarantee plus manufacturer’s guarantee  ARMS application can be deposited at MRA with part B 8 June

Major changes from 2013 scheme Registration of equipment (for retailers) - GN52 of 2010 amended by GN340 of 2015  Retailers to have contractual relationship with engineer and PV installer > re-registration required  Inverters to be third-party tested and certified Other points to watch  Bank transfers dated before fiscal receipt issued.  A reference to deposit will disqualify a grant application.  Standard prices for standard components (Note to retailers: give discounts if you wish, but the cost of a module must be the same for all applicants) 8 June

Part A Forms from previous calls not accepted. Quotation must:  Identify eligible costs in a specified itemised format: grant only on PV system.  Eligible and non-eligible cost must reflect current market prices  Include the annual output in kWh/year expected from the system  Quotations which do not include all details listed clearly and identifiable and segregated, may not be accepted. This in particular applies to the value of discounts and offer even if the amount is zero.  Quotations not in this format will mean a delay in the processing of your application and may lead to rejection of the application. Inverter and PV module matched (ratio >0.8 and <1.2) 8 June

Examples of grant calculation 2kWp system eligible cost - €3000  50% of 3000 = €1500  757 times 2 = €1514  System cap = €2300  2 times 3800 minus 3000 =€4600  Therefore actual grant = €1500 3kWp system eligible cost €8000  50% of 8000 = €4000  757 times 3 = €2271  System cap = €2300  3 times 3800 minus 8000 =€3400  Therefore actual grant = € June

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Quotation 8 June Electrical output power in kilowatt peak (kWp) Electrical annual output energy expected at the installed location (kWh/year) I confirm that the system will be covered by a standard guarantee (as per sample in Annex 3 of the guidelines for the 2015/PV/ERDF call) in addition to the legal and manufacturer’s guarantees. I confirm that NO deposit will be accepted prior to issue of grant offer, and that payments in cash or other untraceable means will not be accepted. Signature and Rubber stamp of retailer

How to handle offers in kind Add ‘offer’ to ineligible cost Discount ‘offer’ from eligible cost Example (retailer pays some interest on bank loan):  Modules 4000  Inverter: 1000  Frame: 500  Discount on interest: -200  Subtotal (eligible)5300  Installation 500  Interest 200  Total June

Part B continued The fiscal receipt is to be dated, and include  the name of the customer,  details of the system provided (size of system, models and quantity of modules and inverters). If the fiscal receipt does not include all system details, a separate invoice/itemisation cross referenced against the fiscal receipt needs to be supplied. 8 June

Equipment registration GN52 of 2010 amended by GN340 of 2015 after long public consultation process and EU notification  Inverter to be certified  Retailer to have contractual relationship with engineer and registered installer  Most other amendments are clarifications. 8 June

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Additional information Retailers are advised informally to use a separate bank account for bank transfers / deposits related to this scheme  The auditors may request copies of bank statements to verify dates of bank transfers 8 June

Thank you! 8 June Operational Programme I - European Structural and Investment Funds “Fostering a competitive and sustainable economy to meet our challenges” European Regional Development Fund Co-financing rate: 80% European Union; 20% National Funds